Financial Strategies Group Inc. Purchases 3,460 Shares of Walmart Inc. (NYSE:WMT)

Financial Strategies Group Inc. raised its stake in Walmart Inc. (NYSE:WMT) by 200.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,190 shares of the retailer’s stock after buying an additional 3,460 shares during the period. Financial Strategies Group Inc.’s holdings in Walmart were worth $310,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Flynn Zito Capital Management LLC raised its holdings in shares of Walmart by 3.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 1,636 shares of the retailer’s stock valued at $258,000 after purchasing an additional 61 shares during the period. ICW Investment Advisors LLC raised its holdings in shares of Walmart by 0.4% during the fourth quarter. ICW Investment Advisors LLC now owns 15,451 shares of the retailer’s stock valued at $2,436,000 after purchasing an additional 62 shares during the period. Bill Few Associates Inc. raised its holdings in shares of Walmart by 1.1% during the fourth quarter. Bill Few Associates Inc. now owns 5,806 shares of the retailer’s stock valued at $915,000 after purchasing an additional 64 shares during the period. Rossmore Private Capital raised its holdings in shares of Walmart by 0.3% during the fourth quarter. Rossmore Private Capital now owns 20,504 shares of the retailer’s stock valued at $3,232,000 after purchasing an additional 65 shares during the period. Finally, Sheaff Brock Investment Advisors LLC increased its position in shares of Walmart by 0.3% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 21,377 shares of the retailer’s stock worth $3,370,000 after acquiring an additional 65 shares in the last quarter. Institutional investors own 26.76% of the company’s stock.

Insider Activity at Walmart

In related news, major shareholder Alice L. Walton sold 1,132,123 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the sale, the insider now directly owns 647,371,888 shares in the company, valued at approximately $42,092,120,157.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Walmart news, EVP John D. Rainey sold 25,578 shares of the stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $67.58, for a total value of $1,728,561.24. Following the sale, the executive vice president now directly owns 390,165 shares in the company, valued at approximately $26,367,350.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Alice L. Walton sold 1,132,123 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $65.02, for a total transaction of $73,610,637.46. Following the completion of the sale, the insider now owns 647,371,888 shares in the company, valued at $42,092,120,157.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 14,525,340 shares of company stock worth $953,023,399. 45.58% of the stock is owned by corporate insiders.

Walmart Stock Up 0.2 %

Walmart stock opened at $68.24 on Thursday. Walmart Inc. has a twelve month low of $49.85 and a twelve month high of $69.04. The firm has a 50 day moving average price of $64.40 and a 200-day moving average price of $59.65. The company has a market capitalization of $548.89 billion, a P/E ratio of 29.20, a P/E/G ratio of 3.92 and a beta of 0.50. The company has a quick ratio of 0.23, a current ratio of 0.80 and a debt-to-equity ratio of 0.48.

Walmart (NYSE:WMT) last released its earnings results on Thursday, May 16th. The retailer reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.08. The firm had revenue of $161.50 billion during the quarter, compared to the consensus estimate of $159.57 billion. Walmart had a net margin of 2.88% and a return on equity of 21.57%. The company’s revenue was up 6.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.49 EPS. As a group, equities analysts predict that Walmart Inc. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on WMT shares. Oppenheimer boosted their target price on shares of Walmart from $69.00 to $75.00 and gave the stock an “outperform” rating in a research report on Thursday, June 6th. Royal Bank of Canada boosted their target price on shares of Walmart from $62.00 to $70.00 and gave the stock an “outperform” rating in a research report on Friday, May 17th. DA Davidson boosted their target price on shares of Walmart from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Friday, May 17th. UBS Group boosted their target price on shares of Walmart from $63.00 to $69.00 and gave the stock a “buy” rating in a research report on Tuesday, May 7th. Finally, JPMorgan Chase & Co. raised shares of Walmart from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $66.00 to $81.00 in a research report on Monday, June 10th. Three analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $70.47.

Walmart Profile

Walmart Inc engages in the operation of retail, wholesale, other units, and eCommerce worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club. It operates supercenters, supermarkets, hypermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites; and mobile commerce applications.